Paying for College
A monetary award to a student to support their education and is based on their achievements?
Scholarship
What percent of your income should you be saving?
10 - 25%
A share of ownership of a company
What is a stock?
The money that a professional earns with their employment that is usually not tied directly to the number of hours worked.
What is a Salary?
When you get a paycheck, who should you pay first?
Yourself!
A job that you work at the college you go to. It pays you to do a job at the college that the college needs done and you need the money to pay for college.
What is work-study in college?
What is 1 idea you can do to earn money as a teen?
Lifeguard
Babysit
Dog walk
Help with a family business
Other answers
If you own a stock and the price goes up, you've made a ...
What is a profit?
The money a person earns from doing jobs for another person
Wages
Which of the following is the most effective strategy for reducing the cost of college?
Attending an in-state public college or university.
Name 3 ways to help pay for college.
Possible answers: Grants, Scholarships, Loans, Work-Study Programs, Savings, Get a job
What is the main difference between a loan and a grant?
A loan you have to eventually pay back. A grant you don't have to pay back.
If you own 10 shares of APPLE stock selling at $145, the value of your investment is...?
$1,450
When money is owed to someone else
What is debt
A score the reflects how often someone pays their bills on time.
What is a credit score?
The additional money you must pay to borrow money.
Interest
Additional money you must pay to borrow money.
Interest
Something you buy/invest into that will make you money over time
Asset
What are two types of interest?
Fixed rate and variable rate
You receive $300 for your birthday. What are two responsible decisions to make.
Save a percentage, invest some in the stock market, purchase soothing that a real need, etc.
What are two documents/information needed to be hired for a job.
What is Social Security Number
Driver's license
Certifications for the job like food handlers or lifeguard or First Aid/CPR
Your credit score is important because
It affects interests rates, impacts future. major purchases, determines whether you can get credit cards/loans
The price of a share is determined by supply and ...
demand
Setting aside money for future income, benefit, or to meet a long term goal.
What is investing?
An example of a financial goal?
Paying off debt.
Saving for college.
Building an emergency fund.
Saving to pay cash for a car.